By Sheri Kasprzak
New York, Dec. 11 - Miami-Dade County in Florida priced $172 million in series 2008B Building Better Communities Program general obligation bonds Thursday, according to a pricing sheet.
The bonds (Aa3/AA-/) were sold competitively, and Barclays Capital Inc. was the winning bidder with a 5.958055% true interest cost.
The bonds are due 2009 to 2028 with coupons from 5% to 6.375%. The yields were not immediately available.
Proceeds will be used for capital improvement projects under the county's Building Better Communities Program.
| Issuer: | Miami-Dade County, Fla.
|
| Issue: | Series 2008B Building Better Communities Program general obligation bonds
|
| Amount: | $172 million
|
| Type: | Competitive
|
| Underwriter: | Barclays Capital Inc.
|
| TIC: | 5.958055%
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
| Pricing date: | Dec. 11
|
|
|
| Maturity | Type | Coupon
|
| 2009 | Serial | 5%
|
| 2010 | Serial | 5%
|
| 2011 | Serial | 5%
|
| 2012 | Serial | 5%
|
| 2013 | Serial | 5%
|
| 2014 | Serial | 5%
|
| 2015 | Serial | 5%
|
| 2016 | Serial | 5%
|
| 2017 | Serial | 5%
|
| 2018 | Serial | 5.25%
|
| 2019 | Serial | 5.25%
|
| 2020 | Serial | 5.5%
|
| 2021 | Serial | 5.7%
|
| 2022 | Serial | 5.875%
|
| 2023 | Serial | 6%
|
| 2024 | Serial | 6%
|
| 2025 | Serial | 6.125%
|
| 2026 | Serial | 6.25%
|
| 2027 | Serial | 6.375%
|
| 2028 | Serial | 6.375%
|
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